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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Prime Focus | PFO | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 2.25 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 2.25 | 2.25 |
| Top Posts |
|---|
Posted at 17/10/2013 09:00 by sharw At the AGM on 1/11/11 the company said it was considering delisting.On 1/2/12 it announced that it would continue to be listed: "The board has concluded that at the present time, and for the foreseeable future, that the best interests of all parties are most closely served by retaining its AIM listing". On the first announcement the shares went from 26p to 9.5p and recovered to 28p after the second announcement. The problem this time round is that this has been initiated not by the board but by the parent company. That is 65% of shares that will vote for but the 75% of shares required is of those voting and many of the remainder will be in nominee a/cs with no prospect of the vote being excercised. |
Posted at 08/10/2013 14:15 by kmann Another award. Some VEY good content coming from pfo, sugest you look at the website you'll see how busy and in demand they are.Prime Focus Broadcast VFX team wins Emmy award |
Posted at 06/10/2013 07:06 by stockologist What about PFO tara ? Reverse ten bagger you don't post much here anymore ?"THE 3D REVOLUTION HAS STARTED" PE UNDER 2 (PFO) |
Posted at 01/10/2013 13:16 by kmann That was then (almost a year ago)... this is now, I think you'll find things have changed. New management, restructured, zero legacy issues, new focus, recovering industry sector utilising pfo services. They have been very busy if you care to look at there website. Foundations seem set for a FULL recovery. Recuring longterm income from new contract due shortly, this sort of deal secures the financial foundation of the business. £20million turnover / £1.5mill marketcap |
Posted at 01/10/2013 09:51 by kmann Looks like pfo have a few smashies on their hands. Can see several series of atlantis in the making. The greek gods are smiling down on pfo.Atlantis draws 5.8 million viewers to BBC One The Guilty: is ITV's murder mystery the new Broadchurch? ITV Commission NEW Sitcom Edge Of Heaven! Also from todays results ... "A recent contract win, which is yet to be publicised, will provide us with steady high profile work for at least three years from this autumn." |
Posted at 26/8/2012 14:39 by littleredrooster Is this the same Prime Focus here that is valued at 2.8 mil ?In your opinion would that make PFO itself a buy ? 27howard, The figure of £2.8m may not be the most relevant number when considering whether PFO shares presently represent good value. The company appears to have net debt which is several times its market cap. So one should probably be looking at the enterprise value which would still be significant even if the share price fell to zero! Interestingly, PFO's final results for the year ended 31 March 2011 mentioned CLEAR. Any revenues being generated from CLEAR will likely still be very modest but we know that CLEAR's global revenues are expected to grow rapidly (see post 338). Perhaps CLEAR will provide PFO with some competitive advantage in the future. lrr Enterprise Value - EV "A measure of a company's value, often used as an alternative to straightforward market capitalization. Enterprise value is calculated as market cap plus debt, minority interest and preferred shares, minus total cash and cash equivalents." "Think of enterprise value as the theoretical takeover price. In the event of a buyout, an acquirer would have to take on the company's debt, but would pocket its cash. EV differs significantly from simple market capitalization in several ways, and many consider it to be a more accurate representation of a firm's value. The value of a firm's debt, for example, would need to be paid by the buyer when taking over a company, thus EV provides a much more accurate takeover valuation because it includes debt in its value calculation." 30 December 2011 UNAUDITED INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2011 "Borrowings increased in the period to £9.369m from £8.277m at 31 March 2011." 30 September 2011 Final Results for the year ended 31 March 2011 "Content Services The UK Content Services division provides picture and audio restoration, duplication, mastering and encoding services to a variety of broadcasters, archives and content owners such as BBC, Sony, BFI, IMG and Adidas. It also includes CLEARTM, our proprietary web-based media asset management service. CLEARTM manages the entire lifecycle of content from production to distribution, and offers a secure, fast and reliable digital delivery platform. This also enables the Prime Focus 'global digital pipeline' by seamlessly interconnecting the 16 Prime Focus offices around the world." "Net debt Net debt decreased to £6.97m." |
Posted at 23/8/2012 15:26 by littleredrooster I have no opinion on that question. The situation is all rather too complicated for my liking and I have no investment in either Prime Focus Ltd or PFO. My interest is via Forbidden Technologies (FBT) whose Cloud-based video editing product (FORscene) has been used by PFO and may in the future be integrated into Prime Focus Ltd's CLEAR Cloud-based video production platform. So I'm primarily interested in following CLEAR's progress worldwide. |
Posted at 23/8/2012 15:16 by 27howard Thanks littleredroosterIn your opinion would that make PFO itself a buy ? |
Posted at 08/6/2012 10:25 by tara7 This is after the results of PFO India last week.No reason to think PFO London could not be doing at least as well.! Buy Prime Focus - Initiating Coverage - Centrum 3-D to propel growth Prime Focus is a market leader in 2D to 3D conversion and has created a mark globally by working on 10 of the top 30 worldwide blockbusters in the past 3 years. Its global world sourcing model from its 15 facilities, 4,500 people, 24x7, 365-day work schedule makes it a strategic partner to global studios. Favourable industry trends along with strong management team give us confidence on 30.7% revenue CAGR over FY11-14E. Initiate coverage with a BUY on the stock with an upside of 86%. - Unique global network of integrated studios: Prime Focus has offices across 3 continents in all time zones. Its 15 facilities, over 4,500 staff, 24x7, 365-day work schedule give it major time and cost benefits. This unique platform offers all services under one roof - right from pre-production to distribution for clients across the film, broadcast and commercials space worldwide. - Well-positioned to capitalize on its 3D and VFX capabilities: The increasing use of visual effects (VFX) and 3D in movies opens huge market potential for Prime Focus. It has built a `state-of-theart` facility at Royal Palms, Mumbai, and Chandigarh with 3,000 seats to convert existing 2D films to stereoscopic 3D format. It is the first company worldwide to successfully complete an entire movie, Clash of the Titans from 2D to 3D in a record 8 weeks simultaneously across 7 facilities worldwide. - Technological leadership makes it strategic partner for content owners: Given its highly differentiated offering and high execution track record the company has been able to garner some of the most important projects from studios. It is focusing on widening and deepening studio partnerships across 2D to 3D conversion and VFX along with making the relationships global. Its customers include Hollywood studios such as Warner Bros., Lucasfilm, DreamWorks Animation, Paramount, Twentieth Century Fox, Walt Disney, Summit Entertainment, Relativity Media and Sony. - Strong visibility on financials: We expect revenues to grow at a CAGR of 30.7% to Rs11.2bn over FY11-14E on the back of strong growth in 2D-to-3D conversion. Operating margins are set to expand from 29.6% in FY12E to 33.6% in FY14E on the back of increase in outsourcing to India. Profitability of the company will grow at a CAGR of 28.7% to Rs1771mn over FY11-14E led by strong topline growth and margin expansion. - Valuations: The stock is currently trading at 5.7x and 4.2x FY13E and FY14E EPS of Rs8.76 and Rs11.89 respectively. Prime Focus trades at a significant discount to its Indian M&E peers even though it has higher revenue growth, high RoE, higher margins and leadership in domestic operations along with strong global presence. We value Prime Focus at 8x FY14E EPS of Rs11.89 and arrive at a target price of Rs95, 86% upside from current levels. - Key Risks: i) Sharp fall in pricing for 2D to 3D conversion due to increase in competition; ii) Sharp currency movements that could impact profitability considering that major revenue is from UK and North America; iii) Outstanding FCCB of USD55mn which it is expected to re-pay before December 2012 with 43% premium amounting to a total of ~USD79mn. |
Posted at 04/1/2012 12:31 by tara7 So, we have a very, very cheap company where the parent PFO India has bought a lump of shares at 35p just months ago.However, PFO London has now stated it intends to do its best for ALL shareholders. Since they put out that statement on,[23/12/11] India is passing a new law to let foreign investors buy Indian shares, [which will be passed by mid JAN 2012.] It seems to me PFO London will be taken out with PFO India stock at around 40p per UK share. 5P over the last price, [35p] paid may well give PFO India the 90% required to get the deal done. Todays 14p is in my view, a real gift. |
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